Info: Bank Pasargad is a major Iranian privately controlled bank. It is the fifth privately owned bank established after the Islamic Revolution, established in 2005 as part of the second round of the government’s issuance of permits for private banks;

During the time of its establishment, in August 2005, its initial capital was approximately 270 million dollars;

One of the bank’s founding members and its current CEO and vice chairman of the board of directors, is Dr. Majid Ghassemi, formerly the governor of the Central Bank of Iran between the years 1986-1989;

According to its 2015-2016 annual report (the latest publicly available report), the bank employs 3685 employees in 327 branches spread throughout the country. In March 2016, the bank’s capital worth was 50,400 Billion Rial;

Pasargad bank is affiliated with “bad elements” in the Iranian Regime. Namely the IRGC and Khamenai’s economic empire;

Bank’s relationship with Halkbank that it was involved in illicit and illegal activity to aid its shareholders as well as the Iranian Government;

Bank Pasargad is a privately controlled bank, but it is involved in corruption and lack of transparency that epitomize the Iranian banking system;

The bank’s dealing with Halkbank (that it was involved in illicit and illegal activity to aid its shareholders as well as the Iranian Government) and the fact that the IRGC and other “bad elements” are among his shareholders, are a perfect example of just the interests of the private banking sector with those of the Iranian regime;

As part of the re-imposition of U.S. sanctions on Iran, added on November 5, 2018 to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties, pursuant to Executive Order 13224, which targets terrorists and those providing support to terrorists or acts of terrorism; foreign parties facilitating transactions for the entity or otherwise assisting the entity are subject to U.S. sanctions; also designated pursuant to the Iranian Financial Sanctions Regulations; foreign financial institutions facilitating transactions for the entity may be prohibited from opening or maintaining correspondent or payable-through accounts in the United States;

Many bad things were done to Iran by some really bad people. These criminals will have to be brought to justice.For many generations this country was captive to a corrupt regimes. Iranian people had to find ways to survive ... ReadMore +